The Latest

It’s the new year and accountants celebrate it with mixed emotions, as tax season is on the horizon.

As an addendum to the Debits & Credits item I posted last Friday, I received some emails from Jan Van Dusen, the Oakland, Calif., cat rescuer who beat the IRS in U.S. Tax Court last year, but nevertheless had her cats seized by the Oakland animal control authorities.

You are a partner at a midsized audit services firm. As you speak with your current clients and prospects to project your bookings over the next two quarters, you realize that you will need to recruit additional consultants to deliver the projected business.

NASBA Names Bryant Senior VP

International Accounting Standards Board chairman Hans Hoogervorst told attendees at an accounting conference in Moscow on Monday that he believes the U.S. will ultimately decide to support International Financial Reporting Standards.

Newt Gingrich’s recently released tax returns show some questionable items, according to one tax expert.

The American Institute of CPAs has begun offering a revenue-sharing arrangement to state CPA societies if they help market the new Chartered Global Management Accountant designation to their members.

European Commission plans to bring the European Union into line with the possibly less stringent Sarbanes-Oxley measures to ban audit firms from offering tax and other non-audit services to audit clients are facing controversy as the issue moves to the European Parliament.

The Tax & Accounting business of Thomson Reuters has entered into an agreement with automated document generation product developer HotDocs Corp. to develop applications for the Thomson Reuters Checkpoint online information system.

The Internal Revenue Service has provided cereal maker Ralcorp Holdings with a private letter ruling related to the tax implications of the separation of its Post cereals business.